Advance Publications agreed to acquire plagiarism-scanning company Turnitin for nearly $1.75 billion. The move furthers Advance’s expansion beyond its core print media market.
Advance Publications Inc. agreed to acquire Turnitin, the software company that allows teachers to check whether papers submitted by students have been plagiarized, for nearly $1.75 billion, according to people familiar with the matter.
Advance Publications, the privately held company that owns Condé Nast and American City Business Journals, also is a major shareholder in Charter Communications Inc. and Discovery Inc.
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